The administration said it needed that power to rewrite contracts and smoothly unwind a large interconnected firm whose failure could threaten the broader economy.
However, the Basel rules could wind up being similar to the Swiss rules as they apply to big or highly interconnected institutions, whose failure would threaten the financial system or the economy.
The whole idea of designating systemically significant firms is based on the erroneous notion that the AIGs of the world are so "interconnected" that their failure would produce a systemic breakdown.
This is what we mean by "too big to fail --these banks, like Lehman Brothers befail --these so big and so interconnected that their fail --thesed damage the financial system as a whole.
As tri-generation systems contain a network of interconnected equipment, equipment failures would disrupt the overall performance of a tri-generation system.
The Volcker proposal resembled an amendment by Representative Paul E. Kanjorski, Democrat of Pennsylvania, that would let regulators dismantle financial companies so large, interconnected or risky that their failure would jeopardize the entire system.
Due to the interconnectedness of the U.S. financial system, a cyber incident or failure at one interconnected entity may affect not only the safety and soundness of that entity, but also other financial entities with potentially systemic consequences.
Further, we should consider limiting the scope of application of resolution planning requirements to only the largest, most complex, and most interconnected banking firms because their failure poses the greatest spillover risk to the broader economy.
But because those firms have "no incentive to reduce the chances of such systemic losses," higher capital requirements are necessary "to make those large, interconnected firms less prone to failure".
Along with relevant economic losses and malfunction for the VoIP system itself, external attacks exploiting a security hole could also bring to a major security failure for the interconnected Public-Switched Telephone Network (PSTN), usually regarded as a reliable and secure domain.
The exogenous expression of TEX14 inhibits entry of ALIX into the midbody resulting in the formation of several interconnected somatic cells because of failure to complete cytokinesis.
